How I played GOOG earnings this week
I used to play $GOOG earnings every quarter up until about a year ago and just stopped, don't know why. Still didn't play the earnings this quarter but I did…
Trading SPX Opex Week
I love to trade options expiration week and thought I would share one of my strategies that involves credit spreads. I choose the $SPX because it's what the IRS calls…
What A Week!
It's not as if the market cares about economic data or geopolitical events lately as it seems it's only been concerned with getting back to 1150 as quickly as possible.…
Bullish Percent Index
The Bullish Percent Index (BPI) is a unique way to measure market breadth. The BPI is calculated by dividing the number of stocks in a given group (S&P 500 for…
What now?
Here’s a thought. It doesn’t matter why we rallied like we did off the March lows, but what really matters is what happens now. According to Bespoke, this most recent…
Friday’s Close
Retail sales will set the tone early tomorrow followed by consumer sentiment, but it's the close that I'll be watching. Will the recent bullishness, suggesting a gap fill of 2/3…
Patience
I grew up in the Northwest corner of Wyoming and as such loved the outdoors. One of my favorite activities was fishing, especially fly fishing. I used to fly fish…
Parabolic SAR with credit spreads
I love to do credit spreads and this is a decent strategy that has had good results when back tested. However, it is a strategy based on a single indicator…
2009 Coming To An End
It's been a decent year for me and as usual my strategy of selling far out-of-the-money spreads has been my best strategy. I've never been one to predict levels, especially…
Short Watchlist And Utilities
The past few days the $SPX has attempted to break out and has failed to keep a solid close. If you look at the individual sectors within the broader market…